MIRA
INFORM REPORT
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Report Date : |
08.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
AL DAWOUD FOR INVESTMENT |
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Registered Office : |
Al Daoud King
Abdullah, 8th Circle, PO Box 719, Amman 11118 |
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Country : |
Jordan |
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Date of Incorporation : |
27.01.1996 |
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Com. Reg. No.: |
4269, Amman |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Import and Distribution of General Merchandise as well as Offering
General Investment Service |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
US$ 100,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : AL DAWOUD FOR INVESTMENT
Also Known As : ABR AL ALAM FOR INVESTMENTS
Country of Origin : Jordan
Legal Form : Limited Liability Partnership
Registration Date : 27th January 1996
Commercial Registration Number : 4269, Amman
Chamber Membership Number : 61245
Issued Capital : JD 100,000
Paid up Capital : JD 100,000
Total Workforce : 3
Activities : Import and distribution of general merchandise as well as offering general investment services
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 100,000
COMPANY NAME
AL
DAWOUD FOR INVESTMENT
ALSO KNOWN AS: ABR AL ALAM FOR INVESTMENTS
ADDRESS
Registered & Physical Address
Location : Al Daoud King Abdullah, 8th Circle
PO Box : 719
Town : Amman 11118
Country : Jordan
Telephone : (962-6) 5811046
Facsimile : (962-6) 5815046
Premises
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Amman.
KEY PRINCIPALS
Name Position
·
Ahmed
Mostafa Al Dawoud Managing
Partner
·
Mohamed
Mostafa Al Dawoud Partner
LEGAL FORM & OWNERS
Date of Establishment : 27th
January 1996
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 4269, Amman
Chamber Member No. : 61245
Issued Capital : JD 100,000
Paid up Capital : JD 100,000
Name of Partner (s)
·
Ahmed
Mostafa Al Dawoud
·
Mohamed
Mostafa Al Dawoud
OPERATIONS
Activities: Engaged in the import and distribution of
general merchandise as well as offering general investment
services.
Import
Countries: Europe and Asia
Subject has a
workforce of 3 employees.
FINANCIAL DATA
Companies
registered in Jordan are not legally required to make their accounts public and
no financial information was released by the company or submitted by outside
sources.
BANKERS
·
Bank of Jordan
Ltd
King Hussain Street
PO Box 37
Amman
Tel: (962-6) 5630301
Fax: (962-6) 5638889
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
During the course
of this investigation nothing detrimental was uncovered regarding subject’s
operating history or the manner in which payments are fulfilled. As such the
company is considered to be a fair trade risk.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.22 |
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UK Pound |
1 |
Rs.75.03 |
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Euro |
1 |
Rs.63.14 |
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)